Litecoin is a popular cryptocurrency that was created as a peer-to-peer digital currency in 2011 by Charlie Lee, a former Google engineer. It is often referred to as the silver to Bitcoin's gold due to its similarities in technology and functionality. Litecoin operates on a decentralized network and utilizes blockchain technology to enable secure and fast transactions. With its faster block generation time and improved efficiency, Litecoin aims to provide a more accessible and scalable digital currency solution. As a cryptocurrency, Litecoin can be traded on various cryptocurrency exchanges and is often considered as one of the leading cryptocurrencies in terms of market capitalization.
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